List Price: $349,000 | $102 per sq.ft. Multi Family A 4 Unit Multi Family Home
With 1 One Bedroom Units , 2 - Two Bedroom Units ,1 - Three Bedroom Units
Under Contract Date Listed Friday Aug 16, 2024 | MLS# 5010024
With 1 One Bedroom Units , 2 - Two Bedroom Units ,1 - Three Bedroom Units
Under Contract Date Listed Friday Aug 16, 2024 | MLS# 5010024
To see this Listing
Address: 601 River Road Putney VT
Listed by Chris Long BHG Masiello Brattleboro
Description:
4-unit income property in an ideal location situated next to an operating farm with huge corn and other crop fields surrounding the parcel and very few neighbors. The 1.2 acres are all open and offer plenty of garden spots and outdoor recreation/activities for its tenants. Beautiful views out over the farm fields and an overall relaxed country living feel to this spot. Close to the CT River. The building is in good overall condition and is completely sprinkled!! Heat and Electric are included in the rents. With a Net income of over $35,000 per year, this is a tremendous opportunity to own a solid investment property with a CAP rate of 10 OR could be a great owner-occupied dwelling with fantastic income to offset the acquisition and ongoing costs because the 2-bedroom upstairs unit is vacant at present. Only minutes to Putney village yet total country living on a paved road. Very unique property and location. Can also be purchased as part of a three property package with 11 total units.
Location : Abuts Conservation | Rural | Valley | Near Public Transportatn | Near Railroad
Operating Expenses : Heat,Insurance,Maintenance,Snow Removal,Trash,Utilities
Annual Expenses
Taxes: $4,700
Taxes: $4,700
Income
Gross Income | $60,000
NetIncome | $35,591
Gross Income | $60,000
NetIncome | $35,591
UNIT 1 INFORMATION
Beds: 3
Baths: 1
Rooms: 0
Level: 101
Tenant Pays : Internet Service,TV Service
Rent : 1800.00 Monthly
Lease Term : Annual
Signed Lease : Yes
Status : Leased
UNIT 2 INFORMATION
Beds: 2
Baths: 1
Rooms: 0
Level: 102
Tenant Pays : Internet Service,Trash,TV Service
Rent : 1100.00 Monthly
Lease Term : Month to Month
Signed Lease : Yes
Status : Month to Month
UNIT 3 INFORMATION
Beds: 1
Baths: 1
Level: 201
Rent : 800.00 Monthly
Lease Term : Annual
Signed Lease : Yes
Status : Leased
UNIT 4 INFORMATION
Beds: 2
Baths: 1
Level: 202
Tenant Pays : Internet Service,TV Service
Rent : 1300.00 Monthly
Lease Term : Annual
Status : Vacant
Construction: Post and Beam | Wood Frame
Year Built: 1900
Style: Farmhouse
Floors | Stories: 2
No. Elevators:
Total Sq.Ft. Finished: 5188
Above Grade Sq.Ft.: 3438
Basement: Bulkhead | Exterior Access
Foundation: Concrete | Fieldstone
Year Built: 1900
Style: Farmhouse
Floors | Stories: 2
No. Elevators:
Total Sq.Ft. Finished: 5188
Above Grade Sq.Ft.: 3438
Basement: Bulkhead | Exterior Access
Foundation: Concrete | Fieldstone
Exterior Color: Yellow
Roof: Metal | Shingle - Asphalt
Seasonal: No
Roof: Metal | Shingle - Asphalt
Seasonal: No
Heating: Baseboard | Hot Water
Cooling: Individual
HeatFuel: Oil
Electric: 150 Amp | Circuit Breaker(s)
Utilities: Cable - At Site | Multi Phone Lines | Telephone At Site
Electric Meters: 2
Water: Drilled Well | On-Site Well Exists
Sewer: On-Site Septic Exists | Private
Cooling: Individual
HeatFuel: Oil
Electric: 150 Amp | Circuit Breaker(s)
Utilities: Cable - At Site | Multi Phone Lines | Telephone At Site
Electric Meters: 2
Water: Drilled Well | On-Site Well Exists
Sewer: On-Site Septic Exists | Private
Land Information
Agricultural | Corner | Country Setting | Level | Open
Lot size: 1.2 acres
Zoned: RES)
Surveyed: Unk
Flood Zone: Unknown
Roads: Paved | Public
Road Frontage: 500
Driveway: Gravel
Agricultural | Corner | Country Setting | Level | Open
Lot size: 1.2 acres
Zoned: RES)
Surveyed: Unk
Flood Zone: Unknown
Roads: Paved | Public
Road Frontage: 500
Driveway: Gravel
Additional Information
Taxes $4,700
Assesed Value Not Reported
Taxes $4,700
Assesed Value Not Reported
Schools
